Domo (NASDAQ:DOMO) Releases Q2 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.30)-($0.26) for the period, compared to the consensus earnings per share estimate of ($0.08). The company issued revenue guidance of $76.0-$77.0 billion, compared to the consensus revenue estimate of $79.60 million.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JMP Securities dropped their target price on Domo from $23.00 to $16.00 and set a market outperform rating on the stock in a research report on Friday. DA Davidson restated a neutral rating and set a $10.00 price target on shares of Domo in a research note on Thursday, March 28th. Lake Street Capital downgraded shares of Domo from a buy rating to a hold rating and lowered their target price for the stock from $15.00 to $8.00 in a research report on Friday. Morgan Stanley decreased their price target on Domo from $13.00 to $7.00 and set an equal weight rating for the company in a research note on Friday. Finally, TD Cowen reduced their target price on Domo from $11.50 to $10.00 and set a hold rating for the company in a report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $10.20.

Domo Stock Performance

Shares of Domo stock opened at $6.97 on Friday. Domo has a 1 year low of $6.11 and a 1 year high of $18.19. The company’s fifty day simple moving average is $8.09 and its 200-day simple moving average is $9.42.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.05). The business had revenue of $80.18 million for the quarter, compared to analysts’ expectations of $79.46 million. Equities analysts forecast that Domo will post -2 earnings per share for the current year.

Insider Buying and Selling

In other Domo news, CFO David R. Jolley sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $8.50, for a total value of $102,000.00. Following the completion of the transaction, the chief financial officer now owns 215,543 shares of the company’s stock, valued at approximately $1,832,115.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Daren Thayne sold 41,218 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $9.33, for a total value of $384,563.94. Following the completion of the transaction, the executive vice president now owns 368,824 shares in the company, valued at approximately $3,441,127.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO David R. Jolley sold 12,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $8.50, for a total transaction of $102,000.00. Following the transaction, the chief financial officer now directly owns 215,543 shares of the company’s stock, valued at $1,832,115.50. The disclosure for this sale can be found here. Insiders have sold a total of 206,056 shares of company stock valued at $1,911,367 over the last three months. 14.04% of the stock is owned by corporate insiders.

About Domo

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.